QAB020N516S: Entrepreneurial Opportunity - HERVI.com Business Plan

This project presents a detailed business plan for HERVI.com, a women's clothing startup. The plan includes an introduction, market analysis (micro and macro), industry analysis (macro and micro using Porter's Five Forces), and a team assessment focusing on mission, aspirations, and risk propensity. The analysis identifies the target market, competitive advantages (single brand, varied price range), and the company's mission to become a market leader. The project also addresses team execution, including communication strategies and value chain considerations. The conclusion emphasizes the effectiveness of the business model in motivating and managing business functions. The project uses the 7-domain model from John Mullins' book "The New Business Road test" to analyze the business idea. It analyzes the target market, competitive advantages, and the company's mission to become a market leader.

Entrepreneurial Opportunity – Video Script Template
Minute Topic/Domain Visuals Script
1 Introduction Slide 1 In order to conduct this activity, use to analyse number of business ventures and there perforce. In the end I
reached to conclusion that the most suitable business is form women clothing. So, I decided to start business
named as HERVI.com
2 Market - micro Slide 2 In this slide, I identified that there are number of function in micro market anslsys that re used in order to
perform business. Here, I evaluated that Company is going to target all those proSblems which are related to
use of single brand in order to full fill needs of women dressing. Company provide complete range of
products in order to provide a specify faction outlook to women clients. Major differentiation which is offered
by firm is single brand for each and every product and tyre of product on reasonable prices. Along with this,
due to large scale problems of single brand and varied price range will attract customer. Market for women
outfit is continually growing with rapid demand and this business will grow as there are market of women
clothing is increasing regularly. This will benefit to women form all segments.
3 Market - macro Slide 3 In this slide, I identified in this business firm will going to talent global market as there are large number
of customer. But the major force market of firm will be UK. This will grow with rapid growth as there are
large number of customer in market and low availability of direct competitor. Future of this business will be
good as there are no restriction on business od such kind. The major force of business firm will be on
economic and demographic segments in order to target customers.
4 Industry – macro Slide 4 In order to finish this task, I use to perform industrial analysis. Here, I used to perform task in order to meet
needs of industry analysis. For this analysis I will be using porters five force model. This helped in analysing
different factors that must be evaluated in order to achieve competitive advantage.
5 Industry – micro Slide 5 In this slide, I presented different aspect where I identified that there is high chance for coping the business
idea and product. This is because it is profitable as well cover large mange which facilitate varied benefits.
This business will also have focused on developing develop and employ superior organisational processes,
capabilities or resources by using effective planning. Along with this, organization is offering large range of
products with varied prise range in order to boot profitability. Business is will also follow norms of

budgetary control that will ensure efficient flow of cash will help in being economical.
6 Team – Mission,
aspiration, risk
propensity
Slide 6 In this slide I identified that there is major mission of business firm is to be the best seller within one year by
covering 30% market share. In order to full fill the needs of business firms and aching better result I have to
perform with effective skills in order to being and professional entrepreneur with successful career. Along
with this, I will invest my whole time and ready to take any kind of risk in this business as it helps in growing
business opportunities form me.
7 Team – Can you and
your team execute?
Slide 7 Rise of unforeseen situation. This can be seen that in order to develop effective team there will be use of
team development theories that helps in defining goals and performing in effective way. Here appropriate teat
will be conducted in order to check readiness of team members and effectiveness of programme setup.
8 Team – your
connections matter
Slide 8 This can be seen that while I am performing the function in slide 8, I identified a value chain is a step-
by-step business model for transforming a product or service from idea to reality. This will also include, make
your own operations more efficient, lead to significant growth and create the opportunity to invent new
operations. Lack of communication will act as major gap in team communication. Here, firm will use to
implement useful communication model.
9 Conclusion Slide 9
It can be concluded form the above that there are number of business function that are used by business firm
and have to be managed according to needs. this business is effective as it will help in motivating and
performing it appropriate way.